Catherines Health Center
Catherines Health Center experiences rapid revenue growth with consistent surpluses and no reported officer compensation.
EIN: 203572418 · Grand Rapids, MI · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| Total Expenses | $8.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $5.5M |
| Transparency Score | 85/100 |
Is Catherines Health Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Catherines Health Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Catherines Health Center
Catherines Health Center (EIN: 203572418) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code E32. The organization reported total revenue of $8.6M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Catherines Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Catherines Health Center is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.4M |
| Total Expenses | $8.8M |
| Surplus / Deficit | +$577K |
| Total Assets | $6.5M |
| Total Liabilities | $1.0M |
| Net Assets | $5.5M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Catherines Health Center reported a surplus of $577K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Catherines Health Center's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +31.8% | +0.9% |
| 2022 | +68.9% | +94.6% | +64.0% |
| 2021 | +132.9% | +89.6% | +127.7% |
| 2020 | +65.5% | +25.9% | +33.1% |
| 2019 | +21.0% | +4.6% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Catherines Health Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Catherines Health Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $577K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for a health center with annual revenues exceeding $9 million. This suggests either a fully volunteer leadership structure or that executive compensation is reported under other expense categories, which could obscure a complete picture of leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Catherines Health Center's IRS 990 filings:
- Consistent 0% reported officer compensation for an organization of this scale, which is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Catherines Health Center:
- Significant and consistent revenue growth, from $2,179,916 in 2020 to $9,360,927 in 2023, indicating strong support and expanding operations.
- Healthy financial surpluses in recent years (e.g., $576,701 in 2023), demonstrating effective financial management and sustainability.
- Substantial growth in assets, from $1,724,103 in 2020 to $6,498,294 in 2023, providing a strong financial foundation.
- Low liabilities relative to assets, indicating good financial stability and limited debt burden (e.g., $1,008,806 liabilities vs. $6,498,294 assets in 2023).
Frequently Asked Questions about Catherines Health Center
Is Catherines Health Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Catherines Health Center (EIN: 203572418) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Catherines Health Center spend its money?
Catherines Health Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Catherines Health Center tax-deductible?
Catherines Health Center is registered as a tax-exempt nonprofit (EIN: 203572418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Catherines Health Center CEO make?
Catherines Health Center's highest-compensated officer earns $9 annually. The organization reported $8.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Catherines Health Center's spending goes to programs?
Catherines Health Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Catherines Health Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Catherines Health Center is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Catherines Health Center located?
Catherines Health Center is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 203572418. It is classified under NTEE code E32.
How many years of IRS 990 filings does Catherines Health Center have?
Catherines Health Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.6M in total revenue.
How does Catherines Health Center manage to operate with 0% reported officer compensation, given its size and growth?
This is a significant anomaly. It could indicate a fully volunteer board and executive team, or that compensation for key leadership is categorized differently within the IRS 990, such as under 'salaries and wages' for non-officer employees, which would require deeper scrutiny of the full 990 form.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer this granular breakdown. A full IRS 990 would be needed to determine the exact percentages allocated to each category, which is crucial for assessing spending efficiency.
What caused the significant revenue growth from $2.1M in 2020 to $9.3M in 2023?
The rapid increase in revenue suggests successful fundraising campaigns, expansion of services, increased grant funding, or possibly government support related to healthcare initiatives. Further investigation into their annual reports or financial statements would clarify the drivers of this growth.
Filing History
IRS 990 filing history for Catherines Health Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Catherines Health Center's revenue has grown by 1328.9%, moving from $655K to $9.4M. Total assets increased by 288.3% over the same period, from $1.7M to $6.5M. Total functional expenses rose by 1395.6%, from $587K to $8.8M. In its most recent filing year (2023), Catherines Health Center reported a surplus of $577K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $6.5M in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.4M | $8.8M | $6.5M | $1.0M | — | — |
| 2022 | $8.6M | $6.7M | $6.4M | $1.3M | — | — |
| 2021 | $5.1M | $3.4M | $3.9M | $597K | — | View 990 |
| 2020 | $2.2M | $1.8M | $1.7M | $70K | — | — |
| 2019 | $1.3M | $1.4M | $1.3M | $39K | — | View 990 |
| 2018 | $1.1M | $1.4M | $1.4M | $49K | — | View 990 |
| 2017 | $1.3M | $1.3M | $1.7M | $32K | — | — |
| 2016 | $1.1M | $1.3M | $1.7M | $33K | — | View 990 |
| 2015 | $1.3M | $1.2M | $1.8M | $28K | — | View 990 |
| 2014 | $1.1M | $1.0M | $1.7M | $23K | — | View 990 |
| 2013 | $795K | $840K | $1.7M | $28K | — | View 990 |
| 2012 | $742K | $741K | $1.7M | $25K | — | View 990 |
| 2011 | $655K | $587K | $1.7M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.4M, expenses of $8.8M, and assets of $6.5M (revenue +9.2% year-over-year).
- 2022: Revenue of $8.6M, expenses of $6.7M, and assets of $6.4M (revenue +68.9% year-over-year).
- 2021: Revenue of $5.1M, expenses of $3.4M, and assets of $3.9M (revenue +132.9% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.8M, and assets of $1.7M (revenue +65.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue +21.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.4M, and assets of $1.4M (revenue -13.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue +11.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $1.7M (revenue -12.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue +22.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $1.7M (revenue +32.9% year-over-year).
- 2013: Revenue of $795K, expenses of $840K, and assets of $1.7M (revenue +7.2% year-over-year).
- 2012: Revenue of $742K, expenses of $741K, and assets of $1.7M (revenue +13.2% year-over-year).
- 2011: Revenue of $655K, expenses of $587K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Catherines Health Center:
Data Sources and Methodology
This transparency report for Catherines Health Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.